Category

Payroll Processing

What Every Small Business Should Know About Payroll Taxes

What Every Small Business Should Know About Payroll Taxes

By | Outsourced Payroll, Payroll Processing, Small Business, Taxes | No Comments

Calculating the deductions from each employee’s monthly wages is not as straightforward as it might seem. It requires extreme accuracy and attention to detail to perform correctly. Unfortunately, the Internal Revenue Service (IRS) has little tolerance for mistakes and could penalize your company with significant fines for reporting incorrect information or failing to make timely…

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What are Payroll Taxes and How do I Pay Them?

What are Payroll Taxes and How do I Pay Them?

By | Outsourced Payroll, Payroll Processing, Taxes | No Comments

As a small business owner, both federal and state governments require you to withhold certain deductions from employee paychecks and submit them on a quarterly basis. For the federal government, you must withhold funds to pay the employee’s federal, Medicare, and social security taxes. You determine federal tax by the amount the employee earns as…

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Look Out for These 5 Payment Trends Impacting Small Business

Look Out for These 5 Payment Trends Impacting Small Business

By | Accounting, Payroll Processing, Small Business | No Comments

The internet has changed the way that small business operates, including how they make payments to employees, vendors, and others on their accounts payable lists. This availability of new payment methods has also increased consumer expectations. If your company hopes to remain profitable within your industry, it must stay on top of payment trends and…

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Why does Year-to-Date Payroll Processing Matter to your Company?

Why Does Year-to-Date Payroll Processing Matter to your Company?

By | Outsourced Payroll, Payroll Processing | No Comments

Year-to-date payroll processing is important to any small business because a substantial percentage of the business’s expenses go to paying the wages of their employees. Year-to-Date payroll processing is the amount of money that your business has spent on payroll beginning at the first of the calendar or fiscal year and ending on the current…

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